This position provides strategy and leadership for financial performance of the pharmacy enterprise, including development and monitoring of the operating and capital budgets, and identifying revenue enhancement/cost containment opportunities based upon financial analysis and observations. Additionally, will work closely with Finance leaders in the hospitals and specialty pharmacy to provide pharmacy expertise and insight to identify pharmacy specific revenue enhancement/cost containment opportunities that may assist their facilities/operations. This includes but is not limited to retail and contract pharmacy and centralized pharmacy service center. The incumbent will work closely with the VP of pharmacy to ensure optimal financial performance of the pharmacy enterprise and provide direction to optimize financial performance to pharmacy leadership across the system.
Knowledge of retail, contract, specialty and hospital pharmacy operations along with strong Financial background through education or work experience.
% of time
Developing and tracking Key Performance Indicators for the Pharmacy Enterprise to drive optimal operations and financial performance.
Responsible for the integrity and financial accuracy of the retail and contract pharmacies’ monthly financial statement. Coordinates monthly closing with accountant to ensure all expenses and revenue are recorded properly to achieve or exceed established Patient Service margins.
Prepares forecast and variance reporting as requested by Finance. Coordinates completion of both the operating budgets and long-term capital expenditure plan for the pharmacy enterprise and monitors on an on-going basis.
Identifies revenue enhancement/cost containment opportunities based on financial analysis and observation. Operationalizes programs, working with facility pharmacy leadership, to facilitate growth in the pharmacy enterprise.
Ensure optimal roll out of drug therapies and reimbursement of new and existing therapies. Work closely with managed care and revenue cycle for optimal reimbursement.
Works with facility Finance leaders and other areas of the organization to coordinate monitoring and budgeting for pharmacy related expenses and revenues.
Basic Education, Training, and Experience Required
Must be a graduate of an accredited college or university with a BS in Pharmacy or a PharmD degree (preferred)
Master of Business Administration (MBA) or Master of Healthcare Administration (MHA) (Desired)
Post Graduate Year 2 residency program in Health-System Pharmacy Administration and Leadership or equivalent practice experience (Desired)
Registered Pharmacist (KY Board of Pharmacy) or eligible for licensing on hire
2 years' experience in pharmacy financial management or similar experience (Desired)3
For more than 130 years, Norton Healthcare’s faith heritage has guided its mission to provide quality health care to all those it serves. Today, Norton Healthcare is a leader in serving adult and pediatric patients from throughout Greater Louisville, Southern Indiana, the commonwealth of Kentucky and beyond. The hospital and health care system is Louisville’s third largest employer, providing care at more than 300 locations throughout Kentucky and Southern Indiana. The Louisville-based not-for-profit system includes five Louisville hospitals with 1,907 licensed beds; seven outpatient centers; 14 Norton Immediate Care Centers; more than 17,000 employees; over 1,500 employed medical providers; and approximately 2,000 total physicians on its medical staff. Hospitals provide inpatient and outpatient general care as well as specialty care including heart, neuroscience, cancer, orthopedic, women’s and pediatric services. A strong research program provides access to clinical trials in a multitude of areas. In 2019 Norton Healthcare was named by Healthiest Employers as the fifth healthiest place to work in the country. More information about Norton Healthcare is available at NortonHealthcare.com.